Saturday, July 15, 2017

Ellis Winningham — Key Points to Understand Regarding Macroeconomic Reality


MMT and instrumentalism.

Ellis Winningham — MMT and Modern Macroeconomics
Key Points to Understand Regarding Macroeconomic Reality
Ellis Winningham

3 comments:

Bob Roddis said...

The US government merely allows entities which we choose to label as ‘private entities’ to access the nation’s real resources and to use them.
– There is nothing natural, good, wholesome, heroic, righteous, holy, or necessary about the ‘private’ ownership of production.
– ‘Freedom’ and ‘liberty’ are unrelated to Capitalism.
– The US government merely allows the ‘private’ ownership of production.


It is so giving of you people that one need not hunt and hunt for the ties that bind between "macroeconomic reality", Stalinism and MMT. When I am producing an apple pie, there is nothing natural, good, wholesome, heroic, righteous, holy, or necessary about me making it or putting it in my mouth. There is nothing wrong with the camp guard using forceps to pluck it all out of my mouth before I swallow since it all belongs, of course, to society. As does my tongue.

Steve D said...

@ funny-just another broken record Roddisian straw man "argument."

Bob Roddis said...

Steve D: I enjoy the endless broken record non-responses. Thoroughly.

And, by the way, I enjoyed how the USA employed its funny money "policy space" to blow Syria all to hell. And Libya and Iraq. That was good, right? Nothin' could go wrong with extra "policy space", could it?